Key Developments: Aditya Birla Minerals Ltd (ABWAF.PK)
0.37USD
6 May 2013
$0.02 (+4.86%)
$0.35
$0.37
$0.37
$0.37
4,000
3,160
$0.56
$0.32
Latest Key Developments (Source: Significant Developments)
Aditya Birla Minerals Ltd Declares No FY 2013 Dividend
Aditya Birla Minerals Ltd announced that the Company's Board has not declared a dividend in respect to the 2013 financial year. Full Article
Aditya Birla Minerals Ltd Plans To Shut Australian Copper Mine-Business Line
Business Line reported that Aditya Birla Minerals Ltd has decided to shut down one of the copper mines in Australia from April-end for an indefinite period. Early this month, Board of Directors took the decision, as the price level of copper did not support the cost of production at Mt. Gordon in Queensland. This 20,000-tonne-a-year copper concentrate producing mine is one of the two copper bearing assets of Aditya Birla Minerals. According to a scoping study, the Company said there was an opportunity to transform Mt. Gordon into a high-production operation with lower per unit operating cost. As a strategic review of the Mt. Gordon operation under way, the Board of Directors has decided not to deplete the existing high-grade resources at the high unit cost. The Mt. Gordon copper operation consists of an underground mine and a copper concentrate plant. Full Article
Aditya Birla Minerals Ltd Announces Holding Interest Of Paradice Investment Management Pty Ltd
Aditya Birla Minerals Ltd announced that Paradice Investment Management Pty Ltd has an interest of 17,500,785 ordinary shares, which represents 5.585% of voting power in the Company. Full Article
Aditya Birla Minerals Limited Announces Appointment Of Chief Financial Officer
Aditya Birla Minerals Limited announced the appointment of Mr. Shantilal Dugar to the position of Chief Financial Officer of the Company, effective first week of August 2012. Mr. Dugar is an Associate Member of the Institute of Company Secretaries of India, a Chartered Financial Analyst and holds a Masters of Commerce. Mr. Sushil Dugar, Corporate Finance Manager of the Company, will step down as Ad-Interim Chief Financial Officer. Full Article
Aditya Birla Minerals Limited Declares Dividend
Aditya Birla Minerals Limited announced that the Board has declared an unfranked dividend of AUD 0.05 per share. The record date for entitlement to dividends is June 12, 2012 and the payment of the dividend will take place on June 26, 2012. Full Article
Aditya Birla Minerals Limited Announces Resignation Of Chief Financial Officer
Aditya Birla Minerals Limited announced the resignation of Mr. Umesh Goel as Chief Financial Officer of the Company to pursue other interests. The resignation is to take effect at the end of April 2012. The Corporate Finance Manager, Mr. Sushil Dugar, will be working as the ad-interim CFO until the new incumbent is in place. Full Article
JPMorgan Chase & Co. Ceases To Be Substantial Holder Aditya Birla Minerals Limited
Aditya Birla Minerals Limited announced that JPMorgan Chase & Co. has ceased to be substantial holder as of February 14, 2012. Previously JPMorgan Chase & Co. held 15,716,168 ordinary shares of the Company representing 5.02% voting power in the Company. Full Article
Aditya Birla Minerals Limited Not To Pay H1 2012 Dividend
Aditya Birla Minerals Limited announced that the directors not recommend the payment of a dividend in respect of the first half of 2012. Full Article
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